May CPI Report: Prices Remain Stable, Albeit Cautiously So

Summary

• Headline inflation increased 2.4% in May, the Labor Department reported Wednesday.
• The reading marks a slight acceleration from the mark reported in April.
• Core inflation, on the other hand, rose 2.8% YOY, the same pace as in the prior month.
• The reported increases were driven by increases in the familiar categories of shelter and insurance.
• Higher prices in the months ahead could keep the Federal Reserve on hold with interest rates.

J Studios

While the loudest segments of recession banter have quieted, inflation and its implications for the trajectory of the Federal Reserve’s ("Fed") policy path have remained relevant points of debate. Today’s May CPI report will likely keep the focus on inflation ahead

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